Pope Resources (NASDAQ:POPE) major shareholder James H. Dahl acquired 2,150 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired at an average cost of $89.85 per share, with a total value of $193,177.50. Following the transaction, the insider now owns 147,652 shares in the company, valued at $13,266,532.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of NASDAQ:POPE remained flat at $$90.00 during trading on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.33 and a quick ratio of 0.33. Pope Resources has a 1 year low of $62.50 and a 1 year high of $98.72. The firm has a 50 day moving average of $84.43 and a two-hundred day moving average of $73.67. The stock has a market capitalization of $388.72 million, a P/E ratio of 68.14 and a beta of 0.35.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Friday, November 29th.
A hedge fund recently raised its stake in Pope Resources stock. Cannell Peter B & Co. Inc. lifted its stake in Pope Resources (NASDAQ:POPE) by 17.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,250 shares of the construction company’s stock after acquiring an additional 3,500 shares during the period. Cannell Peter B & Co. Inc. owned 0.53% of Pope Resources worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission. 8.70% of the stock is owned by institutional investors.
POPE has been the subject of a number of recent research reports. ValuEngine downgraded shares of Pope Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. TheStreet downgraded shares of Pope Resources from a “b” rating to a “c” rating in a research report on Friday, November 15th. Finally, BidaskClub raised shares of Pope Resources from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th.
Pope Resources Company Profile
Pope Resources, A Delaware Limited Partnership manages timber resources in the United States. The company operates in four segments: Partnership Timber, Funds Timber, Timberland Investment Management, and Real Estate. It is involved in growing, managing, harvesting, and marketing timber from the Partnership's 120,000 acres of direct timberland ownership in Washington; and private equity timber funds' 134,000 acres of timberland in Washington, Oregon, and California that co-owned with third-party investors.
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